Porter Bancorp, Inc. (PBIB): Maria L Bouvette , 10% owner of Porter Bancorp, Inc. sold 5,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $1.50 per share for a total value of $7,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 6, 2016, Maria L Bouvette (10% owner) sold 5,000 shares at $1.75 per share price.On May 12, 2016, James M. Parsons (director) purchased 2,500 shares at $1.93 per share price.Also, On May 4, 2016, Norman Marcus Satterthwaite (director) purchased 4,500 shares at $1.96 per share price.On May 4, 2016, John T. Taylor (President) purchased 250,000 shares at $1.30 per share price.
Porter Bancorp: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Porter Bancorp which led to swings in the share price. The shares opened for trading at $1.57 and hit $1.62 on the upside , eventually ending the session at $1.58, with a gain of 2.60% or 0.04 points. The heightened volatility saw the trading volume jump to 5,936 shares. The 52-week high of the share price is $2.55 and the company has a market cap of $49 M . The 52-week low of the share price is at $1.09.
Porter Bancorp Inc. is a bank holding company. The Company’s wholly owned subsidiary is PBI Bank (the Bank). The Bank is a community bank with a range of commercial and personal banking products. Its lending services include real estate loans commercial loans mortgage loans and consumer loans to small to medium-sized businesses the owners and employees of those businesses as well as other executives and professionals. It also offers an array of retail and commercial deposit products. It offers its customers banking facilities automatic teller machines night depository personalized checks credit cards debit cards Internet banking mobile banking treasury management services remote deposit services electronic funds transfers through automated clearing house services domestic and foreign wire transfers cash management vault services lock box services along with loan and deposit sweep accounts. It offers savings accounts and money market accounts among others.